Edinburgh-headquartered Kames Capital has partnered with Latin American investment and advisory firm HMC Capital to enter the Chilean market.
Under the agreement, Chilean pension funds will have access -through HMC Capital- to the Kames High Yield Global Bond Fund, which has been approved by the Chilean financial regulator Comisión Clasificadora de Riesgo.
Peter Ball, director of institutional business at Kames Capital, said: “The Chilean market opens new and exciting opportunities for Kames, not least in its pension industry’s search for high quality, established bond capabilities.
“Kames is well placed to meet this need and has a proven track record in managing dedicated high yield bond funds since 2002. We are delighted to have partnered with HMC and look forward to building our client base in Chile.”
Ricardo Morales, partner at HMC Capital, also commented: “We are delighted to introduce a world-class manager to our clients and to continue adding value in the Chilean market. Kames Capital brings a unique approach to investing and we are confident that their value proposition will be well received.”
Kames Capital, which is the UK fund management arm of Dutch insurance Aegon, has US$56.7bn (€53bn) assets under management as of 31 March 2017.
The deal follows current partnerships recently concluded between European and Chilean asset management companies, such as the one signed by Swiss financial group Edmond de Rothschild and Chilean investment firm Banchile AGF.